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One of my fav 2 bedder in Space@Kovan. 56sqm with 2sqm AC ledge and no balcony. Roomy enough to put in a 100x37 shoe rack, 100x60 cabinet 100x60 desk, 135x85 dining table, 180x42 TV console in the living room and some spare change:
4580
One of my fav 2 bedder in Space@Kovan. 56sqm with 2sqm AC ledge and no balcony. Roomy enough to put in a 100x37 shoe rack, 100x60 cabinet 100x60 desk, 135x85 dining table, 180x42 TV console in the living room and some spare change:
4580
very gd use of walkway as kitchen space.. it depends on whether you can accept this layout but if for rental only then not a problem
very gd use of walkway as kitchen space.. it depends on whether you can accept this layout but if for rental only then not a problem
Yep good for rental I guess. Toilet also can have some storage or clothesline/rack. Do you think lack of balcony will make it harder to rent?
bakasa2002
04-10-12, 01:17
One of my fav 2 bedder in Space@Kovan. 56sqm with 2sqm AC ledge and no balcony. Roomy enough to put in a 100x37 shoe rack, 100x60 cabinet 100x60 desk, 135x85 dining table, 180x42 TV console in the living room and some spare change:
4580
bro, really respect your dimension calculation!
very gd use of walkway as kitchen space.. it depends on whether you can accept this layout but if for rental only then not a problem
Kitchen along that corridor may be dark, no natural ligting i think, cannot recall now. Otherwise nice layout. Recalled relative bought this just before the ssd increased from 3 to 4 years.
bro, really respect your dimension calculation!
No la anyone can do it too with the right software. Made a typo, desk should be 120x60. These are all standard Ikea specs.
cook in front of bedroom!!!'??
The fumes will all cheong into the bedrooms. Must close doors when cooking and no serious dishes like curry et al.
buttercarp
04-10-12, 08:35
Only 1 miserable toilet :( !
Why call it the master bath?
The project was launched about 2 years back. I was thinking about getting a unit until I noticed the corridor. It is like a hotel with maybe 20 to 20+ units per floor. Exactly like a hotel layout. Not used to such a configuration.
buttercarp
04-10-12, 09:03
The project was launched about 2 years back. I was thinking about getting a unit until I noticed the corridor. It is like a hotel with maybe 20 to 20+ units per floor. Exactly like a hotel layout. Not used to such a configuration.
I can imagine the corridor to be rather dark flanked by units on both sides.
I think, if I may say, our MoM bro Kana over obsessed with details of measurement to realise the pitfalls in bigger picture.
I can imagine the corridor to be rather dark flanked by units on both sides.
Yes I noticed that too. There are only 1 or 2 windows for some small amount of natural lighting.
I think, if I may say, our MoM bro Kana over obsessed with details of measurement to realise the pitfalls in bigger picture.
Well true, we need to look at both floor plan and site plan.
Yes I noticed that too. There are only 1 or 2 windows for some small amount of natural lighting.
Reminds me of those dark corridor of old hdb 1 room rental flats. :scared-3:
buttercarp
04-10-12, 12:27
Reminds me of those dark corridor of old hdb 1 room rental flats. :scared-3:
Is it that scary?
Don't they have sufficient lighting?
I have never been to one before, just seen it on TV.
kitchen wont be dark if toilet n mbr doors all opened
kitchen wont be dark if toilet n mbr doors all opened
For cooking you would want to close bed room doors so only left toilet natural lighting. Anyway since its a passageway there should be built in lighting points at the false ceiling.
One of my fav 2 bedder in Space@Kovan. 56sqm with 2sqm AC ledge and no balcony. Roomy enough to put in a 100x37 shoe rack, 100x60 cabinet 100x60 desk, 135x85 dining table, 180x42 TV console in the living room and some spare change:
4580
Space does not have this kind of layout. Most of the units have balcony.
Space does not have this kind of layout. Most of the units have balcony.
Corner stacks have such layout.
http://sphotos-d.ak.fbcdn.net/hphotos-ak-ash3/s480x480/560727_4389705148295_1957200653_n.jpg
Corner stacks have such layout.
Ok I got it. Is it 05?
Ok I got it. Is it 05?
That's right.
That's right.
It has been more than a year. Have you visited the site?
It has been more than a year. Have you visited the site?
Sorry, no time to detour to check today, was in a rush. Are you vested in this development?
Space @ Kovan's development status
Space @ Kovan's development status
what a cute looking chart. from developer?
what a cute looking chart. from developer?
LOL. Developers must have done a lot of childcare centre projects.
Space @ Kovan's development statusAfter 1 year, only still at first phase? Hmmm... ok... Suites@PL owners should be very grateful man... :p
After 1 year, only still at first phase? Hmmm... ok... Suites@PL owners should be very grateful man... :p
TOP is dec 2016... Ain't no hurry.
Space @ Kovan residential and commercial property Location: quiet and a peacful place.
Within walking distance, straight and direct road to MRT.
First Stage
Did you get to see the signboard put up by the developer as to when is the expected construction end date?
Space:smiling-jap:Kovan (Space@Kovan)
Foundation work:
Work completion expected
between 4Q 2012 and 1Q 2013.
TOP:
Estimated 4Q 2014. (most slightly be earily then expected)
Thanks NV2010, did you get to see how is Vibes progressing nearby or Casa Cambio?
Thanks NV2010, did you get to see how is Vibes progressing nearby or Casa Cambio?
Vibes@Kovan
is still in the process of working on the basements.
Top 10 comparable estates
Top 10 comparable estates
What are the criteria for being 'comparable'?
What are the criteria for being 'comparable'?
Based on latest or last transaction.
http://sbr.com.sg/commercial-property/more-news/81000-sq-ft-site-11-hillside-drive-grabs
Good for nearby rental market...
2013 is another year of exciting property market. The prices will continue to head north but the risk is getting higher.
Happy New Year to all of you here!
last Saturday went to check on the way to Kovan for breakfast. Saw the project was started building up to 3rd floor at one corner.
last Saturday went to check on the way to Kovan for breakfast. Saw the project was started building up to 3rd floor at one corner.
I was there on Saturday evening. Looks like its being built stack by stack from the left side.
I was there on Saturday evening. Looks like its being built stack by stack from the left side.
On the board stated TOP expected on 2Q 2014.
The opposite side Vibes looks like ready to TOP end of 2013 or early 2014.
BREAKING NEWS: New private home sales in Singapore for the month of June rose 24 percent month-on-month to reach 1,806 units, according to data from the Urban Redevelopment Authority (URA). Compared to the same period last year, this is a 32 percent spike.
Including executive condominiums (ECs), home sales in the month hit 2,119 units compared to 1,912 in May. Meanwhile, developers launched 1,768 new homes compared to the previous month’s 1,521.
In the first six months of 2013, 11,826 new units were sold, 19 percent lower than the 14,689 recorded in the same period last year.
As usual, the suburban region saw the majority of home sales with 1,674 transactions recorded, followed by the city fringe with 326 units and the core city centre at 119.
J Gateway was the highest-selling project in the month. Only one unit remains unsold at the 738-unit condominium project. Its median price is S$1,486 psf.
Other popular projects in the month were Jewel @Buangkok, which sold 282 units at a median price of S$1,183 psf. Forestville, an EC in Woodlands, sold 226 units at a median price of S$730 psf.
Recent monthly new private home sales for 2013:
May 2013: 1,455 (1.912 including ECs)
April 2013: 1,380 (1,552 including ECs)
March 2013: 2,793 (3,072 including ECs)
February 2013: 712 (921 including ECs)
January 2013: 2,028 (2,284 including ECs)
Number of new private units (including EC units) launched:
May 2013: 1,521
April 2013: 1,162
March 2013: 3,489
February 2013: 261
January 2013: 1,814
(https://plus.google.com/100211889324198007685/about?hl=en)
Project selling below $1000 psf..........
Analyst: 9,000 troubledunits could be on market (http://www.propertyguru.com.sg/property-management-news/2013/7/36279/analyst-9-000-troubled-units-could-be-on-market)
Up to9,000 Singapore private property owners could be forced to sell their homes ifinterest rates rise in the city-state, according to an analyst report publishedtoday.
On the back of news that up to 10 percent of Singapore households may havealready over-leveraged their private property purchases beyond the new 60percent limit that was recently imposed by the Monetary Authority of Singapore(MAS), wealth management firm Religare Enterprises has cautioned its clients toavoid investing in Singapore property developers.
In its ASEAN Property Pulse report released today, the research arm of theIndia-based firm explained that between 10 -15 percent of borrowers could be infinancial trouble should interest rates rise in Singapore.
MAS has reported that between five to 10 percent of Singapore households couldhave over-extended themselves, fuelled by low interest rates and stretched loantenures. The majority of mortgage loans in Singapore are floating ratepackages, according to the company, which means households will face highermonthly repayments when interest rates normalise.
Religare has predicted that a rise in interest rates could see more than 9,000financially troubled properties being listed on the market – assuming a figureof 10 percent of the 90,000 private homes that are scheduled to be completedbetween now and 2016.
The authors of the report said: “Another worrying statistic is that only 70percent of the loans are for owner-occupied homes, meaning investor demand inprivate homes is running quite high.”
Housing Development Board (HDB) properties and executive condominiums (ECs)have to be purchased for self-occupation, the company noted, so all propertyinvestment demand is in the private property sector.
“A little wobble in prices combined with higher interest rates might shake up afew property investors as well and add to the possible troubled units on themarket,” the report said.
The company has advised its clients to be cautious on the Singapore residentialproperty market and against investing in Singapore property developer shares.
“We expect prices and rents to correct over 2014-15 on the back of completionof more than 90,000 units between 2H 2013 and 2016,” it predicted.
The private property market could face some headwinds over the next few months, with sales volumes and housing prices moderating a little, said property giant CapitaLand.
“Prices and sales volume of Singapore residential property are expected to moderate as the cumulative impact of the various property measures continue to be played out in the coming months,” it added.
CapitaLand Singapore Chief Executive Wen Khai Meng, said: “It's difficult for us to make a call at this point, but it may flow to lower volumes. We have no crystal ball.”
These comments come a month after the Monetary Authority of Singapore's (MAS) total debt servicing ratio (TDSR) framework was put in place to encourage financial prudence.
“On the whole, our households are still fairly prudent”, with the Singapore market still fairly resilient despite the new policies, said Lim Ming Yan, Group Chief Executive of CapitaLand.
While Singapore households are considered 'fairly prudent', it came as no surprise that up to 10 percent of borrowers are overstretched, said Lim, adding that the proportion of borrowers at risk is expected to rise by up to 10 to 15 percent should mortgage rates climb up three percentage points.
On the board stated TOP expected on 2Q 2014.
The opposite side Vibes looks like ready to TOP end of 2013 or early 2014.
Latest News Vibes TOP in Nov 2013
Liverpool00
18-10-13, 00:34
Latest News Vibes TOP in Nov 2013
VIBES launched in 2011. only take 2 years to built?
anyone can post pic of SPACE?
it has similar color theme n feel of my 1loft.
anyone can post pic of SPACE?
it has similar color theme n feel of my 1loft.
Quite similar. Space has colored vertical lines while 1loft has rectangular.
那现在到底是否是进场的好时机呢？我的答案其实很直接、很简短——是的。
为什么呢？理由同样很直接、很简短，因为空间短缺，以及以下几个理由：
1. 低利率环境将扶持资产增值
2. 亚洲市场的现金流动充沛
3. 人口增长
4. 房价负担得起
Sold
$870,000
614sqft
1,418p/sq ft
四月-13
$900,000
581sqft
1,548 p/sq ft
三月-13
new updates Feb 3, 2014
Failed to upload images.. tried many times.
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-frc1/t1/1947847_10202669088275876_1924272038_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn2/t1/1794764_10202695956467564_871582606_n.jpg
Space@kovan progress is rather slow when compared to neighboring projects. :beats-me-man:
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/t1/1800319_10202669095396054_1579470854_n.jpg
http://cdn-sg2.pgimgs.com/images/thumb/4/4/5/9/44596f44860187_1_V550.jpghttp://cdn-sg2.pgimgs.com/images/thumb/e/f/1/6/ef16e344550787_1_V550.jpg
http://cdn-sg2.pgimgs.com/images/thumb/e/f/1/6/ef16e344550787_1_V550.jpg
hi can i know how u load your pic i use facebook and photo bucket to rsf to her but fail ?
hi can i know how u load your pic i use facebook and photo bucket to rsf to her but fail ?
Hi, Just do a copy & paste will do.
http://cdn-sg2.pgimgs.com/images/thumb/1/f/b/e/1fbe5944749267_1_V550.jpg
Hi, Just do a copy & paste will do.
copy and paste ?
copy and paste ?
Just to make it clear..Are you mean upload your pics in this forum right?
Just to make it clear..Are you mean upload your pics in this forum right?
Yes upload pic in this forum
Just passing by the other day, captured this different side.
Space @ Kovan Progress....
does anyone know from teh look of the progress , when Space@kovan will be ready for owner to move in?
does anyone know from teh look of the progress , when Space@kovan will be ready for owner to move in?
There are a lot of good info here, go through all the pages, you will understand more.
does anyone know from teh look of the progress , when Space@kovan will be ready for owner to move in?
I think it wl be around 3rd quarter sooner maybe slightly later, i hv a friend who live nearby Space@Kovan told me that the constructions are working no day no nite everyday except Sunday, I hope you wl find my answer useful, cheers.
last stage >>>>> Top soon
Any idea what kind of tenants can be found in the commercial space there?
There are two recent transactions of Space@Kovan at $ 1405 and $ 1513 in March and April 14 respectively both of the same size layout, Space@Kovan looks set and could be one of the most popular project's in this area, but surprisingly there are no sales of Casa Cambio which is going to TOP very soon, less attractive or asking price too high ?
There are two recent transactions of Space@Kovan at $ 1405 and $ 1513 in March and April 14 respectively both of the same size layout, Space@Kovan looks set and could be one of the most popular project's in this area, but surprisingly there are no sales of Casa Cambio which is going to TOP very soon, less attractive or asking price too high ?
There could be a 4% delta in SSD between the 2 projects as they are launched more than a year apart. Or space was launched before the 16% SSD kicked in.
There could be a 4% delta in SSD between the 2 projects as they are launched more than a year apart. Or space was launched before the 16% SSD kicked in.
Ya, that could be one of the factor being considered, but Space@Kovan hv sold some units of sub-sales as early as last year exactly in March and April 13.
Ya, that could be one of the factor being considered, but Space@Kovan hv sold some units of sub-sales as early as last year exactly in March and April 13.
Looks like space was launched before the 16% SSD. And average price of the 2 bedders (600ish sq ft) cost below $1200psf while the ones in casa cambio are below 500 sq ft and cost around $1400psf. The higher cost and remaining 8% SSD would have to result in a higher asking price that market can accept.
http://www.nextinsight.net/index.php/story-archive-mainmenu-60/912-2011/3497-roxy-pacific-
I just saw Space@Kovan printed in URA Master Plan 2013 - Serangoon and Money Mind also reported the highest rental yield in Serangoon is Stadia with more than 4% ( which is just beside Space ).
Photo took on 25 May 2014
Space in progress....facing Casa Cambio.
Update Space@Kovan status on 30 July 2014
Any update ? anyone. TQ
Update Space@Kovan status on 30 July 2014
TQ for sharing:)
pinkspider001
03-08-14, 13:35
Was in the vicinity yesterday and saw that part of the netting was taken down. :):o
Was in the vicinity yesterday and saw that part of the netting was taken down. :):o
This is facing Yio Chu Kang road I believe ? SAKs looks set to be the best development in Upper Serangoon / Kovan.
pinkspider001
11-08-14, 15:22
This is facing Yio Chu Kang road I believe ? SAKs looks set to be the best development in Upper Serangoon / Kovan.
Yes, took the yck side. Here's another photo taken in the daytime
Yes, took the yck side. Here's another photo taken in the daytime
Really Nice ! :D
Update 15 Aug 2014 Images for Residents and restaurants.....
8921
Update 15 Aug 2014 Images for Residents and restaurants.....
8921
Thx for the update, the sneak preview pics of the shops and restaurants are coming up good, any chance if you hv some shots on the landed properties facing pics ?
Facing landed property and Casa Cambio.
Update 15 Aug 2014 Images for Residents and restaurants.....
8921
Facing landed property and Casa Cambio.
Thanks NV2010, nice pic, resolutions are quite good.:smug:
pinkspider001
21-08-14, 21:22
Facing landed property and Casa Cambio.
Thanks for the photos! Progress looks good. Any idea when it could be ready? My friend took a look and said could be mid next year?!?!
Thanks for the photos! Progress looks good. Any idea when it could be ready? My friend took a look and said could be mid next year?!?!
Expecting TOP 1Q 2015...according to Agent.
pinkspider001
22-08-14, 16:21
Expecting TOP 1Q 2015...according to Agent.
Oh wow! That's absolute good news. Thanks.
Oh wow! That's absolute good news. Thanks.
@NV2010 R u the owner of Casa Cambio or Space@Kovan ? I saw your pics taken from Casa Cambio, nice shot though.
@my2cents and pinkiespider001 R u both owners too of Space@Kovan ?
@NV2010 R u the owner of Casa Cambio or Space@Kovan ? I saw your pics taken from Casa Cambio, nice shot though.
@my2cents and pinkiespider001 R u both owners too of Space@Kovan ?
Hi J3, yes, I m the owner pf Space@Kovan and the Developer cfmd TOP wl be first quarter 15 not later than 2nd quarter. Are you also the owner of Space ?
Hi J3, yes, I m the owner pf Space@Kovan and the Developer cfmd TOP wl be first quarter 15 not later than 2nd quarter. Are you also the owner of Space ?
No, didn't manage to get our Space choice unit and not having the liking of Casa cambio nor Cambio suites, but we like this side of Upper Serangoon.
Hi ,
Anybody know what kind of shops will be at the ground floor ?
thks
No, didn't manage to get our Space choice unit and not having the liking of Casa cambio nor Cambio suites, but we like this side of Upper Serangoon.
O I C, so did you manage to purchase anything or nearby finally ?? haha, we brought for the same reasoning too, mainly we like this part of Upper Serangoon, nestled in private residential surrounding and abundant of amenities nearby.
I attached a new pic I cropped from one of the website, the development is turning out better than I thought.
O I C, so did you manage to purchase anything or nearby finally ?? haha, we brought for the same reasoning too, mainly we like this part of Upper Serangoon, nestled in private residential surrounding and abundant of amenities nearby.
I attached a new pic I cropped from one of the website, the development is turning out better than I thought.
No, hv not able to make any purchase, still c c look look, went to see Sennett Residences previously, selling at Space@Kovan current pricing or higher but only 99 years and in Potong Pasir, as said I still prefer this side of Upper Serangoon.
Saw your attached pic, nice ! taking shape and the roof top too.
13 Oct................
Space view....
When will the condo be ready to move in ?
pinkspider001
25-10-14, 01:17
When will the condo be ready to move in ?
One of the earlier posts said 1Q2015, but I suppose it also depends on the progress of the 1st flr shops? When I visited 2 weeks ago, they still look WIP. Hopefully more significant progress when I next visit :)
http://business.asiaone.com/news/my-contractor-abandoned-me
Looks like TOP very soon...
Ok have been sharing this defect checklist in other threads...might as well. Used for HDB for I reckoned can be used for condo as well?
http://diva79.blogspot.sg/2014/10/hdb-defect-checking-revisited.html
Serangoon Sub-Regional Centre. New commercial developments will be added to the Serangoon Sub-Regional Centre, providing businesses with alternative locations for office space outside the city. In the pipe-line there wl be three huge blocks of office building just beside NEX and the MRT station.
Serangoon Sub-Regional Centre. New commercial developments will be added to the Serangoon Sub-Regional Centre, providing businesses with alternative locations for office space outside the city. In the pipe-line there wl be three huge blocks of office building just beside NEX and the MRT station.
Beside the "in the pipe-line" new office building that wl be coming up for Serangoon Sub-Regional Centre as my above post, while waiting, maybe some shopping excitements for now : New H&M store to open at NEX in time for X'mas ! LOL
Hope to get the hsg in dec ...
pinkspider001
01-12-14, 21:53
Hope to get the hsg in dec ...
I'm not hopeful tho. :( Was there over the weekend and saw that the first floor barricades are removed, which is good news, but the first floor shops are still under construction. Not sure if the developer will give out keys if the first floor isnt ready. maybe ready nearer cny? Saw that some units had their lights on... think the workers are testing the lights or doing touch-ups. *fingers crossed*
Just got the news from the developer, RP
the estimate TOP between 1st & 2nd Quarter of 2015..
Update..3 Dec 2014
image: 9714
Update..3 Dec 2014
image: 9714
Nice pic and nice shops front ! so i guess TOP wl be 1st quarter 2015.
Hopefully there will be some unique and interesting cafes and restaurants opening there.
The New Upper Serangoon Heritage Corridor in front and starts from Space@Kovan, 4.2 km along Upper Serangoon Road ( nearest to Space, you wl find Tou Mu Kung Temple, Bethesda Church, Masjid Haji Yusoff, Kim Tian Christian Church and St Paul Church etc ).
Happy New Year !
Looking forward for 2015 Top
Hi all,
I visited the site yesterday and it seems all done up already ...
pinkspider001
11-01-15, 19:32
Hi all,
I visited the site yesterday and it seems all done up already ...
The shops look completed! Yipee
The shops look completed! Yipee
I like the frontage of the restaurants, shops and residential units, many hv full height glass window to ceiling. When all lighten up, should be looking good. The Resident does not hv to go through rain and shine to access to the shops below, hope there wl be some good and convenient stores !
Seems that space@kovan is the biggest mixed development condo around this area ..
See this link ;;
Singapore's 10 most in demand mixed development
http://sbr.com.sg/residential-property/exclusive/singapores-10-most-in-demand-mixed-development#show
This sound good ..
Pros & Cons of Mixed Developments (Retail)
http://www.commercialguru.com.sg/resources/guide/pros-cons-of-mixed-developments-retail-
Pros & Cons of Mixed Developments (Residential)
http://www.propertyguru.com.sg/singapore-property-resources/singapore-buy-property-guides/pros-cons-of-mixed-developments-residential-/1271
This bring out some thought ..
Upper Serangoon and Kovan are getting excited, first we have Sunday Market Cafe on Lim Tua Tow Road, now tens of these along the stretch, surely booming and rising !
pinkspider001
16-01-15, 00:04
Upper Serangoon and Kovan are getting excited, first we have Sunday Market Cafe on Lim Tua Tow Road, now tens of these along the stretch, surely booming and rising !
Nice! Thanks for sharing this; quite a few places to check out when space is finally done up. And good news for those looking for amenities near space! i saw ytd that theres a (decent sized) "mini" mart opening just across the road.
Really looking forward to know the list of shops that will open at space!
I like the frontage of the restaurants, shops and residential units, many hv full height glass window to ceiling. When all lighten up, should be looking good. The Resident does not hv to go through rain and shine to access to the shops below, hope there wl be some good and convenient stores !
errr... when i see mixed development i always think about People's Park Centre, Pearl Centre, Lucky Plaza which are all in bad state leh. Then shops like massage parlors and bars come in...
There are always the Good, the Bad and the Ugly, here are plenty Mixed Development for you to nibbles with, just if you know : One Dusun Residences, Ascent@456, Millage, The Venue Residences and Scott Square, EON Shenton, South Beach, City Gate, Duo Residences…
It’s quite unlikely Space@Kovan will be likes People's Park Centre, Pearl Centre or Lucky Plaza, Space is on “Residential Zone”, the latters you mentioned are on “Tourist Zone” and “Shopping Zone”.
I am not going to tell you the theory of Virtue and Vice, but if there should Vice in Space, I will make sure they will go away quite instantly, not to mention there will be a FCC smack right in the Space lobby.
Hi my2cents, what's the acronym "FCC"?
Hi my2cents, what's the acronym "FCC"?
Hi Kanarazu, the acronym of FCC in full in Fault Reporting and Control Centre, some called it Fault Control Centre.
FCC is managed by the condo management team or the security personnels ?
They are the 'policemen' in the condo ?
FCC is managed by the condo management team or the security personnels ?
They are the 'policemen' in the condo ?
I am not sure, cause this is my first Mixed Development property, but I guess is manage by the Management team, it is in the brochure showing a independent unit for FCC @ the premises. ( Lobby )
I just found this pic on the web, the still constructing beautiful Roof Top Infinity Pool ( infinite & overflow pool ).
p.s. Photo not mine, credit to original post and photo.
0.1 km away from space@kovan - A row of five adjoining refurbished shophouses at Teck Chye Terrace was sold via auction on Thursday (22 January) for S$14.63 million.
The freehold shophouses were auctioned as an entirety at an indicative price of S$13 million. With S$1.63 million on top of the indicative price.
Space@kovan sign outside the car park entrance ..
A very big 'SPACE' sign though ..
Home prices unlikely to “collapse” as possible election looms
As Singapore looks to celebrate its 50th year of independence and with the end of 2015 or early 2016 shaping up as a potential election period,
property prices are unlikely to crash, revealed a Credit Suisse report.
Instead, the government will look to keep home prices stable, especially in a rising and volatile interest rate environment, the report said.
After all the artificial cooling measures, Spore is indeed one of the most affordable, ranked no. 89 in Global most affordable by comparing House Price to Income Ratios ~ includes Income, Expenditures and the Standard of Living, further dipping will actually break, hope the New Budget 2015 wl twerk some measures and labor policy, too many empty units coming and too many rentals out there including Public and Private alike. The number 1 least affordable you know what ? of course Hong Kong :
1. China, Hong Kong.
2. Canada, Vancouver, BC.
3. Australia, Sydney, NSW.
4. U.S. San Jose, CA.
5. U.S. San Francisco, CA.
6. Australia, Tweed Heads, NSW
7. U.S. Honolulu, HI
8. U.K. Bournemouth & Dorsett
9. Australia, Melbourne, VIC
10. U.S. Santa Cruz, CA
11 . U.K. London (GLA)
( by 11th Annual Demographia International Housing Affordability Survey: 2015 - Ratings for Metropolitan Markets)
When is space expected to TOP?
Must also take into account the relatively higher costs of private transport in SG. A car in US can be driven for maybe 30 years, just pay once without COE.
Just paying COE and other taxes (assuming the comparable US person buys a new car every 10 years) is roughly $6000 - $8000 per year (for an entry level car).
Private transport is just one area to look at.
Should try to adjust this ratio then see if SG still at 89.
After all the artificial cooling measures, Spore is indeed one of the most affordable, ranked no. 89 in Global most affordable by comparing House Price to Income Ratios ~ includes Income, Expenditures and the Standard of Living, further dipping will actually break, hope the New Budget 2015 wl twerk some measures and labor policy, too many empty units coming and too many rentals out there including Public and Private alike. The number 1 least affordable you know what ? of course Hong Kong :
1. China, Hong Kong.
2. Canada, Vancouver, BC.
3. Australia, Sydney, NSW.
4. U.S. San Jose, CA.
5. U.S. San Francisco, CA.
6. Australia, Tweed Heads, NSW
7. U.S. Honolulu, HI
8. U.K. Bournemouth & Dorsett
9. Australia, Melbourne, VIC
10. U.S. Santa Cruz, CA
11 . U.K. London (GLA)
( by 11th Annual Demographia International Housing Affordability Survey: 2015 - Ratings for Metropolitan Markets)
The report is about most affordable according to property prices, nothing to do with car prices!
Anyway, private transport is a luxury in Singapore, and I do not want private transport to be so affordable in Singapore that you can only park at home since traffic jam is so bad that you can't drive and move anyway.............
If want to take transport, Singapore's public transport should be also the 1 of the MOST AFFORDABLE (vs income, now that there is MIN WAGES) among all countries in the world?
Must also take into account the relatively higher costs of private transport in SG. A car in US can be driven for maybe 30 years, just pay once without COE.
Just paying COE and other taxes (assuming the comparable US person buys a new car every 10 years) is roughly $6000 - $8000 per year (for an entry level car).
Private transport is just one area to look at.
Should try to adjust this ratio then see if SG still at 89.
The report is about most affordable according to property prices, nothing to do with car prices!
Anyway, private transport is a luxury in Singapore, and I do not want private transport to be so affordable in Singapore that you can only park at home since traffic jam is so bad that you can't drive and move anyway.............
If want to take transport, Singapore's public transport should be also the 1 of the MOST AFFORDABLE (vs income, now that there is MIN WAGES) among all countries in the world?
Agree with your take on public transport. Just wanted to point out issues with direct application of the report findings. To the 20% of all households who own cars, the disposable income is much lower, although admittedly, I am not sure about the median multiple calculations. For e.g. is it pre tax or post tax?
Other criticisms about the implication of this report to private housing prices: The report is based on all types of housing including HDBs.
If private housing was used as the sole yardstick for measurement, we would end up much higher on the list. Just need to be cautious in blindly applying it to private housing affordability.
General reporting of property prices of a country is always inclusive of all properties, unless you are telling us that HDB flats are not fitting properties for Singaporeans to live in?
And if you want to tell us that private property prices in Singapore are much higher than HDB flats, well, the same is true of almost every other countries..........
E.g. In HK, the CENTRAL prime properties is >10x that of the surburbs......
In UK, the CENTRAL prime properties is >10x that of the surburbs......
In Bangalore, the prime properties are >20x(?) that of the surburbs.......
In Singapore, the CENTRAL prime properties probably only ~2-3x that of surburb private properties...
So relatively, Singapore prime properties ARE TOO CHEAP on every front!!!!!!!
Actually, private property prices also not much higher than HDB flats in same vicinity lah!
You see, Tiong Bahru HDB flats about $700 psf. Tiong Bahru private condos only about $1400 psf, so only ~2x only despite the fact that you can get free car park lot (x2) + free common facilities (free gym, free swimming pool etc)!
Also, if you want to just count private property prices, then you only can also count the incomes of people living in private properties, not the general population.............
Don't forget, median household income in Singapore is about $7000+ pm, but top 20% household income is at least $18,000 pm (if my memory didn't fail me), that makes the ratio of top 20% to median = 2.57.
Then, you look at Tiong Bahru private condo prices to HDB flats ratio = about 2.00.
That means private condos are too cheap (to top 20% incomes) vs HDB flats (for median income people like those living in Tiong Bahru)!
Agree with your take on public transport. Just wanted to point out issues with direct application of the report findings. To the 20% of all households who own cars, the disposable income is much lower, although admittedly, I am not sure about the median multiple calculations. For e.g. is it pre tax or post tax?
Other criticisms about the implication of this report to private housing prices: The report is based on all types of housing including HDBs.
If private housing was used as the sole yardstick for measurement, we would end up much higher on the list. Just need to be cautious in blindly applying it to private housing affordability.
What I am stating is based on the study: For a ratio of 5 times price of housing against income, the classification for SG is seriously unaffordable, but not as bad as countries (with a low percentage of subsidised housing).
Most HDBs are able to meet the ratio of 4 or under, which allows for the overall index for SG to be 5.0.
Even if we consider the top 20% of households at your stated value of 18,000pm (216,000) per year, the specific ratio for private housing spikes up to minimum 5, maximum 10+ for a typical OCR 3BR to more central 3BR unit.
General reporting of property prices of a country is always inclusive of all properties, unless you are telling us that HDB flats are not fitting properties for Singaporeans to live in?
And if you want to tell us that private property prices in Singapore are much higher than HDB flats, well, the same is true of almost every other countries..........
E.g. In HK, the CENTRAL prime properties is >10x that of the surburbs......
In UK, the CENTRAL prime properties is >10x that of the surburbs......
In Bangalore, the prime properties are >20x(?) that of the surburbs.......
In Singapore, the CENTRAL prime properties probably only ~2-3x that of surburb private properties...
So relatively, Singapore prime properties ARE TOO CHEAP on every front!!!!!!!
Actually, private property prices also not much higher than HDB flats in same vicinity lah!
You see, Tiong Bahru HDB flats about $700 psf. Tiong Bahru private condos only about $1400 psf, so only ~2x only despite the fact that you can get free car park lot (x2) + free common facilities (free gym, free swimming pool etc)!
Also, if you want to just count private property prices, then you only can also count the incomes of people living in private properties, not the general population.............
Don't forget, median household income in Singapore is about $7000+ pm, but top 20% household income is at least $18,000 pm (if my memory didn't fail me)......
I think you have to understand how the study derive the ratio of 5 times price of housing against income - That is based on the Western pre-tax rate, and mind you, they have almost 50% tax rate at those incomes!
I am putting to you that their quoted 5x ratio of housing prices to PRE-TAX income is NOT APPLICABLE to Singapore!
If you consider after-tax income, their ratio of housing prices to after-tax income = 10x.
However, at an income of $18,000 pm earned by a couple or $9000 pm by each individual, their income tax in Singapore is <12% (vs 50% in those Western countries)!
So, the equivalent of Singapore's ratio of housing prices to after-tax income for private properties = 5.68 (= 5 / (1-0.12)), which is so much lower their 10x ratio!
Above I quote is another evidence that PRIVATE PROPERTIES are too CHEAP in Singapore vs AFTER-TAX INCOMES compared to those countries you quoted!!!!!!!!!!!!!
What I am stating is based on the study: For a ratio of 5 times price of housing against income, the classification for SG is seriously unaffordable, but not as bad as countries (with a low percentage of subsidised housing).
Most HDBs are able to meet the ratio of 4 or under, which allows for the overall index for SG to be 5.0.
Even if we consider the top 20% of households at your stated value of 18,000pm (216,000) per year, the specific ratio for private housing spikes up to minimum 5, maximum 10+ for a typical OCR 3BR to more central 3BR unit.
I think you have to understand how the study derive the ratio of 5 times price of housing against income - That is based on the Western pre-tax rate, and mind you, they have almost 50% tax rate at those incomes!
I am putting to you that their quoted 5x ratio of housing prices to PRE-TAX income is NOT APPLICABLE to Singapore!
If you consider after-tax income, their ratio of housing prices to after-tax income = 10x.
However, at an income of $18,000 pm earned by a couple or $9000 pm by each individual, their income tax in Singapore is <12% (vs 50% in those Western countries)!
So, the equivalent of Singapore's ratio of housing prices to after-tax income for private properties = 5.68 (= 5 / (1-0.12)), which is so much lower their 10x ratio!
Above I quote is another evidence that PRIVATE PROPERTIES are too CHEAP in Singapore vs AFTER-TAX INCOMES compared to those countries you quoted!!!!!!!!!!!!!
Even if you wish to discount car prices and other factors like the HDB making up 80-90% of housing here, I would still urge you to read the report before commenting. In particular, look at the specific ratios.
Download it here at:
http://www.demographia.com/dhi.pdf
I didn't see anything peculiar about the ratios, care to point out?
My comments are based on Singapore's median incomes, top 20% incomes, private property prices and HDB flats in Singapore. Regardless of what yardstick they use, my conclusion is still valid:
Singapore private property prices especially those in the CENTRAL region are just TOO CHEAP (relative to income in Singapore)!
Even if you wish to discount car prices and other factors like the HDB making up 80-90% of housing here, I would still urge you to read the report before commenting. In particular, look at the specific ratios.
Download it here at:
http://www.demographia.com/dhi.pdf
I didn't see anything peculiar about the ratios, care to point out?
My comments are based on Singapore's median incomes, top 20% incomes, private property prices and HDB flats in Singapore. Regardless of what yardstick they use, my conclusion is still valid:
Singapore private property prices especially those in the CENTRAL region are just TOO CHEAP (relative to income in Singapore)!
No matter what is discussed your conclusion is still unwaverable.
I only believe in FACTS and equitable and logical comparison, not words of mouth or simply arguing for the sake of arguing with no FACTS to back up...........
Anybody who want to talk about affordability of property prices should REALISTICALLY base on AFTER-TAX Incomes (the money that the person REALLY get to USE and spend), not BEFORE-TAX Incomes , which are not EQUITABLE when one has INCOME TAXES of 50% and the other has INCOME TAXES of 12%. We have not even included EMPLOYERS CPF contributions yet!
No matter what is discussed your conclusion is still unwaverable.
Fact 1: Singaporeans spend the most on private transport across all the cities studied. The tax structure is amongst the heaviest on private transport, tobacco and alcohol.
But you sidestep this fact and say the report is on housing affordability and not on private transport, and you prefer it that private transport is expensive to avoid jams.
For example, a top 20% income family with incomes you stated owning 1-2 cars reduce their incomes from 18K to 12-14K per month that can be used for other areas. Who buys cars? The lowest income group? Or do the lowest income group take public transport?
Fact 2: Singapore has predominantly HDB flats that contribute close to 90% of the total housing types.
HDB indeed qualifies as housing (supreme quality housing in fact). The 80 - 90% contribution of data points is what helps to pull down the overall affordability index. A 500K HDB is probably about half the price of an OCR condo in the same locality, which is half (or less) the price of a CCR condo.
And your conclusion is CCR private condo is cheap? All on this tiny little red dot that only qualifies as a town in some of the other cities?
Please go and read the report, especially the section on the rationale for all housing to reach employment in about an hour. The report honestly did not mention pre- or post-tax. Kindly support what you say with facts.
I only believe in FACTS and equitable and logical comparison, not words of mouth or simply arguing for the sake of arguing with no FACTS to back up...........
Anybody who want to talk about affordability of property prices should REALISTICALLY base on AFTER-TAX Incomes (the money that the person REALLY get to USE and spend), not BEFORE-TAX Incomes , which are not EQUITABLE when one has INCOME TAXES of 50% and the other has INCOME TAXES of 12%. We have not even included EMPLOYERS CPF contributions yet!
usa tax very high leh..not forgetting medical cost.
2 weeks ago, 60,000 HKers queued up to ballot for a for-sale public housing in HK, under freezing rain.
2 days ago, it was revealed that more than 200,000 families are queuing for for-rent public housing in HK, many of them for more than 5 years.
In Singapore, almost every one assumes he/she will get a flat when he/she marries. The only complaints are a) too far not mature estate b) what need 25yrs mortgage to pay ?
Please let's get real : for the majority of Singaporeans, housing is completely affordable. As a country, this is a remarkable achievement. ( and you want car to be affordable too ? dude that's pushing it ok)
2 weeks ago, 60,000 HKers queued up to ballot for a for-sale public housing in HK, under freezing rain.
2 days ago, it was revealed that more than 200,000 families are queuing for for-rent public housing in HK, many of them for more than 5 years.
In Singapore, almost every one assumes he/she will get a flat when he/she marries. The only complaints are a) too far not mature estate b) what need 25yrs mortgage to pay ?
Please let's get real : for the majority of Singaporeans, housing is completely affordable. As a country, this is a remarkable achievement. ( and you want car to be affordable too ? dude that's pushing it ok)
Sir / Madam, that's not my intention.
Car prices are there for a good reason.
Because this is a private apartment thread and not HDB thread, I only caution specifically against the direct application of the finding in the report that "SG prices are not as unaffordable as some other cities".
Singapore's success in HDB I fully agree as well.
Reply to your comments:
Fact 1:
I am no supporter of PAP, but I support what is RIGHT and despise what is WRONG.
So, as PAP said, private transport is a luxury, and they can't have so many cars on the road that they can't even move...................... AND I STRONGLY AGREED WITH THEM! (not because I am a PAP supporter, but they are LOGICAL and RIGHT on this!).
As you said, Singapore is so small! So why need private transport?! That is a LUXURY (not a basic necessity) which only the RICH can afford! You are like saying Singapore property prices too expensive BECAUSE CCR private properties are too expensive! Yah right, like real! Is CCR private properties a basic necessity? Why you can't live in the Singapore HDB flat which when compared to other public housing overseas are considered of "supreme quality" and not only that, of supremely cheap price (vs income)? Did you ever see UK or HK public housing? :scared-1:
I am no supporter of PAP, yet I STRONGLY SUPPORTED THEM that we should have HIGHEST tax on tobacco and alcohol, those that cause SOCIAL ILLS that people can live WITHOUT........ Without alcohol, we will not have Little India riots! PAP should seriously consider increase tax on tabacco and alcohol by another 10x (and reduce GST!)...................
Fact 2:
Correction: Singapore has predominantly HDB flats that contribute close to 80% of the total housing types, not 90% !!!
You are right to say that A 500K HDB is probably about half the price of an OCR condo in the same locality, which is half (or less) the price of a CCR condo.
Also, you are right to say that HDB indeed qualifies as housing (supreme quality housing in fact).
And when you take the $500K HDB flat as the median price of a property, and you take the $7k+ pm of household home income as median income, median property price to post-tax income ratio = 500,000 / (7000 x 15 x (1-0.88)) = 5.44 only! (I have not even added EMPLOYER CPF contribution, and I have not even mention that the $500k is the RESALE HDB flat, which is much higher than the NEW BTO HDB flat that the Singapore govt sells to the citizens!).
For the western countries like UK, you have to take the figure in that report and x2 (because they have 50% income tax rate)!
For Norway, you have to take the figure in that report and x4 (because they have 75% income tax rate)!
As to about "80 - 90% contribution of data points is what helps to pull down the overall affordability index", I suppose you mean "pull up overall affordability index"?
Yes, Singapore CCR private properties are SUPER CHEAP, if you compare to other cities like London, HK, NY, etc!
Mind you, London is about the same size of Singapore, but their CCR property prices is >10x that of London surburbs!
Same for HK!
On the other hand, as you agreed, CCR property in Singapore is only 2x that of surburb OCR property!
When the report didn't mention post-tax incomes, then it must be pre-tax incomes lah! And I won't be surprise they didn't include EMPLOYER CPF contributions in the INCOME they used!
As I said, a genuinely realistic comparison of property price to income ratio must be using post-tax income, which is what is less to service property instalments and living expenses etc (and not pre-tax income)! Mind you, all those western countries have 50% or more income tax (e.g. Norway is like 75%!!!!!) and how to compare to Singapore of about 12% at the median income level?!
Fact 1: Singaporeans spend the most on private transport across all the cities studied. The tax structure is amongst the heaviest on private transport, tobacco and alcohol.
But you sidestep this fact and say the report is on housing affordability and not on private transport, and you prefer it that private transport is expensive to avoid jams.
For example, a top 20% income family with incomes you stated owning 1-2 cars reduce their incomes from 18K to 12-14K per month that can be used for other areas. Who buys cars? The lowest income group? Or do the lowest income group take public transport?
Fact 2: Singapore has predominantly HDB flats that contribute close to 90% of the total housing types.
HDB indeed qualifies as housing (supreme quality housing in fact). The 80 - 90% contribution of data points is what helps to pull down the overall affordability index. A 500K HDB is probably about half the price of an OCR condo in the same locality, which is half (or less) the price of a CCR condo.
And your conclusion is CCR private condo is cheap? All on this tiny little red dot that only qualifies as a town in some of the other cities?
Please go and read the report, especially the section on the rationale for all housing to reach employment in about an hour. The report honestly did not mention pre- or post-tax. Kindly support what you say with facts.
I also support higher prices for cars, tobacco and alcohol. What I am referring to is the incident effects of the prices on the index. It does not mean I don't agree with the taxes.
We shouldn't presume anything about the index until it is stated clearly. At least I prefer not to jump to conclusion.
I do wonder if you have read that report. Pulling down the ratio increases the affordability in it.
Anyway, sorry to the threadstarters for having hijacked the discussion in a different direction from the original intent.
Reply to your comments:
Fact 1:
I am no supporter of PAP, but I support what is RIGHT and despise what is WRONG.
So, as PAP said, private transport is a luxury, and they can't have so many cars on the road that they can't even move...................... AND I STRONGLY AGREED WITH THEM! (not because I am a PAP supporter, but they are LOGICAL and RIGHT on this!).
As you said, Singapore is so small! So why need private transport?! That is a LUXURY (not a basic necessity) which only the RICH can afford! You are like saying Singapore property prices too expensive BECAUSE CCR private properties are too expensive! Yah right, like real! Is CCR private properties a basic necessity? Why you can't live in the Singapore HDB flat which when compared to other public housing overseas are considered of "supreme quality" and not only that, of supremely cheap price (vs income)? Did you ever see UK or HK public housing? :scared-1:
I am no supporter of PAP, yet I STRONGLY SUPPORTED THEM that we should have HIGHEST tax on tobacco and alcohol, those that cause SOCIAL ILLS that people can live WITHOUT........ Without alcohol, we will not have Little India riots! PAP should seriously consider increase tax on tabacco and alcohol by another 10x (and reduce GST!)...................
Fact 2:
Correction: Singapore has predominantly HDB flats that contribute close to 80% of the total housing types, not 90% !!!
You are right to say that A 500K HDB is probably about half the price of an OCR condo in the same locality, which is half (or less) the price of a CCR condo.
Also, you are right to say that HDB indeed qualifies as housing (supreme quality housing in fact).
And when you take the $500K HDB flat as the median price of a property, and you take the $7k+ pm of household home income as median income, median property price to post-tax income ratio = 500,000 / (7000 x 15 x (1-0.88)) = 5.44 only! (I have not even added EMPLOYER CPF contribution, and I have not even mention that the $500k is the RESALE HDB flat, which is much higher than the NEW BTO HDB flat that the Singapore govt sells to the citizens!).
For the western countries like UK, you have to take the figure in that report and x2 (because they have 50% income tax rate)!
For Norway, you have to take the figure in that report and x4 (because they have 75% income tax rate)!
As to about "80 - 90% contribution of data points is what helps to pull down the overall affordability index", I suppose you mean "pull up overall affordability index"?
Yes, Singapore CCR private properties are SUPER CHEAP, if you compare to other cities like London, HK, NY, etc!
Mind you, London is about the same size of Singapore, but their CCR property prices is >10x that of London surburbs!
Same for HK!
On the other hand, as you agreed, CCR property in Singapore is only 2x that of surburb OCR property!
When the report didn't mention post-tax incomes, then it must be pre-tax incomes lah! And I won't be surprise they didn't include EMPLOYER CPF contributions in the INCOME they used!
As I said, a genuinely realistic comparison of property price to income ratio must be using post-tax income, which is what is less to service property instalments and living expenses etc (and not pre-tax income)! Mind you, all those western countries have 50% or more income tax (e.g. Norway is like 75%!!!!!) and how to compare to Singapore of about 12% at the median income level?!
HK news flash 4.38 pm Today : Just for reading, but only in mandarin, too lazy to translate to english ( sorry ) :
全城瘋搶，繼沙田廣源邨後，新界短短一個月內出現第二宗呎價過萬元公屋，呎價更貴過市區。粉嶺華明邨一個只公屋戶，成交呎價竟達11,565元，取代黃大仙鳳德邨於去年10月造出的每呎10,738元舊紀錄，成為全港史上呎價最貴公屋王。
HK$ 11 565 = S$ 2018 sqft for HK public housing ( today xchange rate S$1 = HK$ 5.73 )
Just saw this pic on the web, sitting beside Space@Kovan, Cambio Suites constructions are coming up fast !
p.s. Photo not mine, credit to original post and photo.
Does it means its processing now?? is there a rough date? getting anxious...
㳟喜發財, 新年快樂 ! The Shops and Restaurants wl not be ready any time soon, unless the Residential can be TOP ahead and separately, hopefully soon...
How much is the shop psf??
Hi,
U can go into the building .. ?
㳟喜發財, 新年快樂 ! The Shops and Restaurants wl not be ready any time soon, unless the Residential can be TOP ahead and separately, hopefully soon...
How much is the shop psf??
HISTORICAL HIGH
SHOP: S$ 4,058 PSF IN JUN 2013 FOR A 172-SQFT UNIT
HISTORICAL LOW
SHOP: S$ 1,202 PSF IN JAN 2011 FOR A 560-SQFT UNIT
Wah so big difference,!!! wat is the average psf? Wat the shops will be selling?
Hi,
U can go into the building .. ?
Hehe...I sneaked in for 3 minutes.
One of the Lobby entrance ( There are total three Lobbies@Space@Kovan ).
One of the Lobby entrance ( There are total three Lobbies@Space@Kovan ).
I feel that it is a bit difficult to walk into the building as there are only 2 small entries from the main road. (one is a staircase type and another slope type).
There is a slight slope from the ground floor walkway to the main road pedestrian walkway. With only 2 entries may give problems to shopper using trolleys to move out/in from/to the shops in the building (I think there is a supermarket there if not wrong).
Not sure if my writing is understood.
I feel that it is a bit difficult to walk into the building as there are only 2 small entries from the main road. (one is a staircase type and another slope type).
There is a slight slope from the ground floor walkway to the main road pedestrian walkway. With only 2 entries may give problems to shopper using trolleys to move out/in from/to the shops in the building (I think there is a supermarket there if not wrong).
Not sure if my writing is understood.
Yes, there are 2 lobbies to the building, 1 main lobby and 1 side lobby + 2 additional entrances to stairs and 3 lifts to the residential, but I guess a supermarket is quite unlikely.
Yes, there are 2 lobbies to the building, 1 main lobby and 1 side lobby + 2 additional entrances to stairs and 3 lifts to the residential, but I guess a supermarket is quite unlikely.
The 'supermarket' infor was mentioned by the agent when I bought the unit. I roughly remember that either 'shop n save' or 'prime' or some supermarket was operating in 'Kovan center'. He said that this 'shop' will continue operating when the new building is ready.
Well, this was 'old' infor and may not be true now.
However, I bought the unit is also because of I like the convenient of daily grocery or stuff buying ...
Getting 'old' n 'lazy' to move around .. only when necessary ...
The 'supermarket' infor was mentioned by the agent when I bought the unit. I roughly remember that either 'shop n save' or 'prime' or some supermarket was operating in 'Kovan center'. He said that this 'shop' will continue operating when the new building is ready.
Well, this was 'old' infor and may not be true now.
However, I bought the unit is also because of I like the convenient of daily grocery or stuff buying ...
Getting 'old' n 'lazy' to move around .. only when necessary ...
I believe you are referring to the previous Kovan Centre "Shop & Save" ( as attached pic ), but the new Space@Kovan shop and restaurant layouts technically are quite difficult to accommodate a large size supermarket, a mini mart or convenience store maybe. But NEX is less than 8 minutes stroll, good exercise too, Lol.
I believe you are referring to the previous Kovan Centre "Shop & Save" ( as attached pic ), but the new Space@Kovan shop and restaurant layouts technically are quite difficult to accommodate a large size supermarket, a mini mart or convenience store maybe. But NEX is less than 8 minutes stroll, good exercise too, Lol.
Oh, let me guess ... R u ..
a property agent (or used to be) ..
or a historian ..
or a part time photographer ...
A lot of interest to gather infor .. old or new ....
I really like to have a supermarket (even a mini one) at ground floor ..
although it may be nosier .. dirtier .. (ie. rats .. cockcroaches .. ants .. infested with these 'neighbours' which I hope can be lesser)
lol .. Cheers ..
Oh, let me guess ... R u ..
a property agent (or used to be) ..
or a historian ..
or a part time photographer ...
A lot of interest to gather infor .. old or new ....
I really like to have a supermarket (even a mini one) at ground floor ..
although it may be nosier .. dirtier .. (ie. rats .. cockcroaches .. ants .. infested with these 'neighbours' which I hope can be lesser)
lol .. Cheers ..
Haha, I am not any of the above but I dun mind being a Historian, interesting profession. I am just a home owner of Space@Kovan, might not be staying there myself but still the best development in Upper Serangoon and Kovan.
Dun worry, I wl be the first one to call NEA if rats or roaches dare infest, is all about the interest of maintaining a high standard of hygiene and establishments, especially foodshop or cafe alike.
Haha, I am not any of the above but I dun mind being a Historian, interesting profession. I am just a home owner of Space@Kovan, might not be staying there myself but still the best development in Upper Serangoon and Kovan.
Dun worry, I wl be the first one to call NEA if rats or roaches dare infest, is all about the interest of maintaining a high standard of hygiene and establishments, especially foodshop or cafe alike.
:applouse:
U will get good resident award ..
Status of TOP Application
9993
Status of TOP Application
9993
Hi, can explain a bit based upon the chart ?
Hi, can explain a bit based upon the chart ?
It is indicated that the project has submitted the application for TOP (for site inspection). Unfortunately, it was suspended due to non-compliance issue.
It is indicated that the project has submitted the application for TOP (for site inspection). Unfortunately, it was suspended due to non-compliance issue.
True. I visited the site a few times and notice that there are fire hose being installed one by one. The most obvious one will be one place at the 'entrance'. This is not unsightly as it is 'ugly' and block the way to go into the building. There is another one at the left side of buidling which seems like a hasty built one for the sake of passing some test .. ( I guess).
Seems to be bad building practises ...
Status for BCA-TOP-APPLN - SUSPENDED
still the same, no change..... looks like.. it may take longer.
Status for BCA-TOP-APPLN - SUSPENDED
still the same, no change..... looks like.. it may take longer.
I went to 'space' during weekend to take a look. Saw some wall hacking at 2nd floor ...should be repairing for wall water seepage.
Well , wondering what is the reason for the delay although I dont need the hsg at this moment.
Hopefully, they're not waiting for Cambia Suites to be TOP together....however, viewing from the pic, Cambio Suites are coming up fast too, when Space@Kovan TOP there wl be less noisy and dusty from Cambio Suites :applouse:
See what others in the other project's forum said about the "suspended" status
Quote Originally Posted by BOB View Post
Yah.. the suspended part I noticed in a few of the developments. It happened to Watercolours when they applied on 9/12/2014, then 31/12/2014 it was approved. Similarly for Gale, they apply inspection Oct 2012, TOP was suspended 21/12/2012 but the TOP approval came in Jan 2013:
A1369-00521-2007-BP01 BCA-CSC-APPLN APPROVED 06/07/2013 13:27:23 -
A1369-00521-2007-BP01 BCA-CSC-APPLN FOR SITE INSPECTION DATE CONFIRMED 19/10/2012 13:44:50 -
A1369-00521-2007-BP01 BCA-TOP-APPLN SUSPENDED 26/12/2012 17:31:22
On what it's all about or why they apply when it's not fully done, I got no clue.. That's why I checked a few developments where I could obtain their brochure and Building Plan No, and I do see the suspension thingy common. So all I did was just try see a trend among the developments' submissions to BCA.
I also recalled previously from Straits Construction website before they upgraded their website, where they stated construction completion May 2015 (now it's not stated after they revamped their website). If you look at the comment sections at Sea Esta Facebook, a guy keep mentioning that reliable sources told him TOP June/July.
Wondering how long it wl take ? any clue ? anyone ?
Wondering how long it wl take ? any clue ? anyone ?
I guess should be next month ..
I guess should be next month ..
Just checked with the developer, Top between 2Q and 3Q. Previously was between 1Q and 2Q.
Just checked with the developer, Top between 2Q and 3Q. Previously was between 1Q and 2Q.
Ya, late last year I checked, they told me the same, 1Q & 2Q, now become 3Q...This is slow, Casa Cambio a later launched project yet TOP much earlier than Space@Kovan, Space developer got too many projects on hand !
Yep. I think the developer is rich and resourceful ... able to stand out fr others by having a slow and steady TOP date .. later and later ..
In another thought .. Is there anything 'unique' with this building which causes this phenomenon ?
I still remember that last Nov, I went down to the site and the building supervisor told me confidently that all will be done in Dec ...
Just wondering if he is referring to Dec 2015 ..
Yep. I think the developer is rich and resourceful ... able to stand out fr others by having a slow and steady TOP date .. later and later ..
In another thought .. Is there anything 'unique' with this building which causes this phenomenon ?
I still remember that last Nov, I went down to the site and the building supervisor told me confidently that all will be done in Dec ...
Just wondering if he is referring to Dec 2015 ..
Dec 15 X'Mas that wl too long a wait...seriously hope not :cupcake:
Watch out for Roxy-Pacific 1Q15 report. See whether the developer making any money and it may announce its projects status of TOP.
pinkspider001
25-04-15, 09:53
Hmm..I received a letter from an agent from orangetee telling me that space will top soon and he's offering his services if I'm wanting to rent out. odd that the company has my current residential address. Anyone received similar letters?
Hope the company's news on the status of top is updated.. *fingers crossed*
Hmm..I received a letter from an agent from orangetee telling me that space will top soon and he's offering his services if I'm wanting to rent out. odd that the company has my current residential address. Anyone received similar letters?
Hope the company's news on the status of top is updated.. *fingers crossed*
Don't you know agents can buy caveats? From there they will have your details.
Hi Guys, go check out the updated Google Map Singapore, the Feb 15 new streets version view hv the whole of Space@Kovan, both front and back of SPACE ( Yio Chu Kand and Lim Tua Tow Road ), head to tail, wide angle, close-up 360.
Hi Guys, go check out the updated Google Map Singapore, the Feb 15 new streets version view hv the whole of Space@Kovan, both front and back of SPACE ( Yio Chu Kand and Lim Tua Tow Road ), head to tail, wide angle, close-up 360.
This is great .. ! At least, I can share with my neighbour this 'space' of building '@' around 'Kovan'.
Anybody have any update fr the developer when is the TOP date ?
Anybody have any update fr the developer when is the TOP date ?
The last last time I checked ~ they said End May 15, The last time I checked ~ they said End June 15. Don't know what is going on with the development ? Casa Cambio later launched than Space, TOPed for ages, Space still no valid date !
Looking forward to interesting shops and cafes popping up in that area.
called the office, they told me its finally TOP, now awaiting to be "serviced"
called the office, they told me its finally TOP, now awaiting to be "serviced"
Hi, you meant now awaiting "the keys" to be "served" ? or what do they mean to be "serviced" ?
Just checked with developer this morning 4/6/15,
the current status: estimated TOP is around mid-June.
Let hope so....
got a call from the lawyer firm, Space@kovan TOP yesterday!
got a call from the lawyer firm, Space@kovan TOP yesterday!
:cutedoggy::courage::banana: Hurray !
You will be getting your keys soon
10254
pinkspider001
07-06-15, 09:08
You will be getting your keys soon
10254
this is awesome news! thanks
You will be getting your keys soon
10254
:applouse: @NV2010, @kentng7, @eankiam, @pinkspider001 ~ Are you guys planning for self stay or renting out ? I am highly likely for self stay.
Good news for eveybody ..
long wait ..
I hv some concern though . thk should ask developer what went wrong earlier ..
Should rent out first ..
My current hsg is near my kid school ..
Should stay in Kovan in future ..
I have already started marketing my unit. Went to checked up last Saturday evening, find Vibes has 3 shops haven't rented out since TOP in Aug 2014, only one shop in business, it is very quiet. My concern is whether the shops and restaurants in Space can fully occupied and maintain the businesses there. If the businesses are poor or occupancy rate is low or both situation, this may affects the residence property values.
Good news for eveybody ..
long wait ..
I hv some concern though . thk should ask developer what went wrong earlier ..
Ya, I think we should, maybe during keys collection, I wl ask the representative what causes the delayed, there could be hundreds of reason, but may not be all worrisome, it could be some minor touch up for approval.
I have already started marketing my unit. Went to checked up last Saturday evening, find Vibes has 3 shops haven't rented out since TOP in Aug 2014, only one shop in business, it is very quiet. My concern is whether the shops and restaurants in Space can fully occupied and maintain the businesses there. If the businesses are poor or occupancy rate is low or both situation, this may affects the residence property values.
So you hv the commercial unit ? the previous Kovan Centre seemed to be quite busy, with the Ah Seah Teochew porridge ( now moved to the back of SPACE at Teck Chye Ter ), Shop n Save and Learning Centre etc, the old demolished Kovan Centre hv busy human traffics.
I guess some previous Kovan Centre business or shop owners did brought SPACE commercial units, and I hope they wl be back to operate their business there, but there are many investors like yourself too, I think with the old and new tenant mixs should do alright for SPACE, I hope so.
Since I wl likely be staying there, I wl try to update here and hv everyone interested inform.
pinkspider001
09-06-15, 01:21
:applouse: @NV2010, @kentng7, @eankiam, @pinkspider001 ~ Are you guys planning for self stay or renting out ? I am highly likely for self stay.
I am planing to stay. this is going to be my first home :) you guys sound really experienced. do you have any advice on what happens from now till getting the keys?
I am planing to stay. this is going to be my first home :) you guys sound really experienced. do you have any advice on what happens from now till getting the keys?
Congrats on your first home, must be exciting to see it finally soon, I always remembered the feeling hving my first home.
To me, the inspection of the house is one thing I would prioritise, but from my previous houses inspection experiences, the overall private properties quality are quite alright, only some minor issues here and there, except one of my previous property hv some problem with a window after a heavy storm, but it was nicely fixed thereafter.
I'm excited, its my first home!!!!! hello neighbour!
I'm excited, its my first home!!!!! hello neighbour!
:cheers6: Congrats eankiam another first time home
[email protected] !
:cheers6: Congrats eankiam another first time home
[email protected] !
:redface-new:
Happy staying and happy neighbour ...
This year rent out and next year stay in ...
Hope to see u fellows and start sharing the life in space of Kovan ..:stung:
:redface-new:
Happy staying and happy neighbour ...
This year rent out and next year stay in ...
Hope to see u fellows and start sharing the life in space of Kovan ..:stung:
:angel: We hv many cheerful SPACE residents here and superb neighbours soon to be !
:angel: We hv many cheerful SPACE residents here and superb neighbours soon to be !
No matter how good the developer is ..
Defect check and follow up is a must ..
Check wall / tiles / paint / water leakage / seepage
My current unit have quite some 'minor' problems and it take years to rectify .. (caused by others ..)
:cheers6: Congrats eankiam another first time home
[email protected] !
HI all,
had anybody got the keys ?
Had paid the half yearly maintenance and survey fee last wk ..
pinkspider001
17-06-15, 18:33
HI all,
had anybody got the keys ?
Had paid the half yearly maintenance and survey fee last wk ..
I've only just sent in the cheques for the payment. I am actually hoping to arrange to get the keys this week. *fingers crossed* have you contacted them on the key collection date?
:) looking forward to seeing you neighbours around!
I've only just sent in the cheques for the payment. I am actually hoping to arrange to get the keys this week. *fingers crossed* have you contacted them on the key collection date?
:) looking forward to seeing you neighbours around!
Mine just paid this week, keys collection only next week, anyone got their keys yet ? How's the quality ? And the roof top swimming pool ? And hello neighbours !
Nice !!! Space@Kovan did it again, after last year there were two RESALES Transactions, now in recent May 2015 Space@Kovan with two more RESALES Transactions, and quite good price too @$1434 and $1511 sqft. Considering in this very soft market, having RESALES not Developer sales are not easy, SPACE hv proven to be the best Development in the proximity, Casa Cambio hv not able to sell any since its post sales and even after its TOP quite some time back, I look forward with the few developments now TOPs, the area wl gets more vibrancy and back to the old charms.
Nice !!! Space@Kovan did it again, after last year there were two RESALES Transactions, now in recent May 2015 Space@Kovan with two more RESALES Transactions, and quite good price too @$1434 and $1511 sqft. Considering in this very soft market, having RESALES not Developer sales are not easy, SPACE hv proven to be the best Development in the proximity, Casa Cambio hv not able to sell any since its post sales and even after its TOP quite some time back, I look forward with the few developments now TOPs, the area wl gets more vibrancy and back to the old charms.
So fast resale? Can cover ssd?
So fast resale? Can cover ssd?
Last year 2014 the Space@Kovan RESALES transactions I believe not pass sad, recent May 15 RESALES transactions Yes, almost all and majorities brought not later than March 2011.
i goy my key last fri!!!!!!!!! seen my unit and am quite happy abt it!
i goy my key last fri!!!!!!!!! seen my unit and am quite happy abt it!
I'll be getting my keys nxt week, hope you wl get the rental you want and look forward to my unit to be as good & happy as yours :cheers4:
curtains blinds n wallpapers
You can compare price and quality with others
https://www.facebook.com/pages/Curtain-Suite/711856388855140
Owners can now join the Facebook
https://www.facebook.com/groups/SpaceKovan.Oct2012/
I'll be getting my keys nxt week, hope you wl get the rental you want and look forward to my unit to be as good & happy as yours :cheers4:
I got my keys 2 wks ago and had just finished the curtain and lighting (left 1 or 2 pts).
Quite OK generally and no major defects at the moment ..
Hv a few areas to check with developer for clarification next wk ..
Is everyone here happy with their units? Particular comments from those who stay on the 4th floor units, below the penhouse units.
Is everyone here happy with their units? Particular comments from those who stay on the 4th floor units, below the penhouse units.
Hi Leed
Please join Facebook (closed group) for more discussion.
Thank you.
Hi all,
Anybody has any major defects for their unit ?
whatever size or floor.
I found some strange design which wonder does this affect other unit also.
Hi all,
Anybody has any major defects for their unit ?
whatever size or floor.
I found some strange design which wonder does this affect other unit also.
What kind of strange design? Please provide some details.
What kind of strange design? Please provide some details.
or the images
Nice !!! Space@Kovan did it again, after last year there were two RESALES Transactions, now in recent May 2015 Space@Kovan with two more RESALES Transactions, and quite good price too @$1434 and $1511 sqft. Considering in this very soft market, having RESALES not Developer sales are not easy, SPACE hv proven to be the best Development in the proximity, Casa Cambio hv not able to sell any since its post sales and even after its TOP quite some time back, I look forward with the few developments now TOPs, the area wl gets more vibrancy and back to the old charms.
Space@Kovan did it again, one more resale in Sept 15, I believe once the market recover, Space wl be one hot cake !
Hi just wondering, do shop owners need to pay maintenance fees since they cant use facilities like the pool?
Space@Kovan did it again, one more resale in Sept 15, I believe once the market recover, Space wl be one hot cake ! Sorry, my bad, there are actually 2 resale units i/o 1 transacted in Sept 15, I m delighted and impressed that SPACE hv proven to be the best development in the proximity, many other new and established developments adjacent to SPACE hv not able to do any resale for years, SPACE is one good property to put on watch list, even in such harsh soft market condition, SPACE are able to delivered resale transactions. Self stay, rental or investment all are with good potential here at SPACE.
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